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Auction Wednesday,
March 23, 2005
BANKRUPTCY
Katmai Lodge in
Alaska
One of Alaska's
premier properties
contact
george@auctionaz.com for time and
place
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NO BUYERS
PREMIUM
NO RESERVE |
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NOTE: (posted 2/23/05) The following
information was provided by the debtor and is accurate to the best of our
knowledge. We have been informed that the fishing season is actually
only 14 weeks rather than 26 weeks. The pre-registration deposits also
may not be recoverable. Contact George with any further information or
questions.
- 126 acres along the
Alagnak River, mile post 13, near Bristol Bay, approx 30 miles from King
Salmon
- 5,000’ runway
- (separate from bid)
$75,000/yr lease to the Levelock Nation, (native American tribe) or a
lease buyout of $1.1 million and own the property fee simple
- 10-year lease with
an option to renew for 25 years
- Full commercial
kitchen
- 43 aluminum hull
boats with outboard motors, snowmobiles, cats, etc
- Cat D3B dozer for
maintaining the runway.
- 88 beds
- This season is
already half booked, in other words, 300 guests have pre-registered
- Projections for the
2005 season are 600 guests at $5,000/guest = $3,000,000 in gross for the season
- Season runs May 1 –
October 31
- Last season while
operating in CH 11 bankruptcy the lodge hosted 527 guests at an average
stay of four days and an average expenditure per guest of approx. $3,600.
NOTE: Both aircraft have been sold
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Katmai Lodge home page
watch streaming video of the
lodge
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